The updating frequency of account transactions depends on the period you chose in your bank connection authorization agreement.
The update frequency depends on the bank and accounting office in use. Banks usually offer options such as daily, weekly, or monthly.
The update frequency is chosen when making the bank connection authorization. It is advisable to do this together with the accounting office to ensure the form's details are correct in one go. Read more about bank connection authorization.
Choosing the Update Frequency
With relatively low transaction volume, a weekly statement may be a sufficient frequency. However, not all banks necessarily offer a weekly update frequency, and for example, your accounting office may require a daily statement. A monthly update frequency can hinder the accountant's visibility, so it is not generally recommended.
With a daily frequency, you get the most up-to-date information in the software, but each statement retrieval may cost separately according to the bank's price list. Please discuss pricing with your bank to avoid surprises.
When using Procountor Tili as your business bank account, daily statements are included in the fixed monthly fee, and you do not pay for them separately. Read more.
Changes to the Statement Update Frequency
We recommend contacting your accounting office if you want to make changes to the update frequency. Changes to the update frequency are made with the bank, but it is good to discuss the changes with the accounting office first to avoid surprises, as the update frequency of account transactions will also change for the accounting office.